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    Flexible Epoxy Resin Market

    ID: MRFR/CnM/4551-CR
    110 Pages
    Priya Nagrale
    November 2022

    Flexible Epoxy Resin Market Research Report Information By Type (Urethane Modified, Rubber Modified, Dimer Acid, Others) APPLICATION (Primer, Composites, Adhesives, Semiconductor, Electrical Laminate, Others) End-Use Industry (Paints & Coatings, Construction, Automotive, Electrical & Electronics, Military & Defence, Others) Forecast 2032

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    Flexible Epoxy Resin Market Summary

    The Global Flexible Epoxy Resin Market is projected to grow significantly from 661.4 USD Million in 2024 to 1522.8 USD Million by 2035.

    Key Market Trends & Highlights

    Flexible Epoxy Resin Key Trends and Highlights

    • The market is expected to witness a compound annual growth rate (CAGR) of 7.88% from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 1522.8 USD Million, indicating robust growth potential.
    • In 2024, the market is valued at 661.4 USD Million, reflecting a strong foundation for future expansion.
    • Growing adoption of flexible epoxy resins in various industries due to their superior adhesive properties is a major market driver.

    Market Size & Forecast

    2024 Market Size 661.4 (USD Million)
    2035 Market Size 1522.8 (USD Million)
    CAGR (2025-2035) 7.88%

    Major Players

    DIC Corporation, Olin Corporation, Hexion, Kukdo Chemical Limited, Aditya Birla Chemicals, Huntsman International LLC, Emerald Performance Materials, Resoltech, Epoxonic, Cardolite Corporation, Spolchemie, Atul Limited, Conren Limited, Intertronics, Mereco Technologies

    Flexible Epoxy Resin Market Drivers

    Market Growth Projections

    The Global Flexible Epoxy Resin Market Industry is projected to experience substantial growth, with estimates indicating a market value of 661.4 USD Million in 2024 and a remarkable increase to 1522.8 USD Million by 2035. This growth trajectory suggests a compound annual growth rate of 7.88% from 2025 to 2035, reflecting the rising demand across multiple sectors, including automotive, electronics, and construction. The increasing adoption of flexible epoxy resins in diverse applications is likely to drive innovation and investment in this market, further enhancing its potential for expansion.

    Rising Demand in Automotive Sector

    The Global Flexible Epoxy Resin Market Industry experiences a notable surge in demand from the automotive sector, driven by the increasing need for lightweight and durable materials. Flexible epoxy resins are utilized in various automotive applications, including adhesives, coatings, and composites, enhancing vehicle performance and fuel efficiency. As the automotive industry shifts towards electric vehicles, the demand for high-performance materials is expected to grow. This trend is reflected in the projected market value of 661.4 USD Million in 2024, with expectations to reach 1522.8 USD Million by 2035, indicating a robust growth trajectory.

    Increased Focus on Sustainable Solutions

    The Global Flexible Epoxy Resin Market Industry is increasingly shaped by the focus on sustainable solutions. Manufacturers are exploring bio-based and eco-friendly epoxy resins to meet the growing demand for environmentally responsible products. This shift is driven by regulatory pressures and consumer preferences for sustainable materials. As industries adopt greener practices, the flexible epoxy resin market is likely to expand, with companies investing in research to develop low-VOC and recyclable formulations. This trend not only aligns with global sustainability goals but also positions flexible epoxy resins as a viable alternative in various applications.

    Technological Advancements in Material Science

    The Global Flexible Epoxy Resin Market Industry is propelled by technological advancements in material science. Innovations in resin formulations and processing techniques enhance the performance characteristics of flexible epoxy resins, making them suitable for a broader range of applications. These advancements lead to improved adhesion, flexibility, and resistance to chemicals and heat. As industries seek more efficient and sustainable materials, the ongoing research and development efforts in epoxy resin technology are likely to foster market growth. This evolving landscape positions flexible epoxy resins as a preferred choice across various sectors, further solidifying their market presence.

    Expansion in Electronics and Electrical Applications

    The Global Flexible Epoxy Resin Market Industry is significantly influenced by the expansion of electronics and electrical applications. Flexible epoxy resins are increasingly used in the manufacturing of circuit boards, encapsulants, and potting compounds, owing to their excellent electrical insulation properties and thermal stability. The rise of consumer electronics and the demand for miniaturized components further drive this market. As a result, the industry is likely to witness a compound annual growth rate of 7.88% from 2025 to 2035, reflecting the growing reliance on flexible epoxy resins in innovative electronic solutions.

    Growth in Construction and Infrastructure Development

    The Global Flexible Epoxy Resin Market Industry benefits from the growth in construction and infrastructure development. Flexible epoxy resins are widely used in flooring, coatings, and adhesives, providing durability and resistance to environmental factors. As urbanization accelerates globally, the demand for high-performance construction materials increases. This trend is particularly evident in emerging economies, where infrastructure projects are on the rise. The anticipated growth in this sector contributes to the overall market expansion, with flexible epoxy resins playing a crucial role in meeting the demands of modern construction practices.

    Key Companies in the Flexible Epoxy Resin Market market include

    Industry Developments

    In August 2023, Momentive Performance Materials announced the launch of its new 9100 Series of flexible epoxy resins. These resins are designed for applications that require high toughness and flexibility, such as in the construction and marine industries.

    The existence of sizable flexible epoxy resin industry in the region is likely to make the Asia-Pacific region the largest expanding market for flexible epoxy resin  market globally. The flexible epoxy resin market is also anticipated to grow throughout the forecast period because of rising government investments in infrastructure development in developing nations like China and India. Because of the high demand for flexible epoxy resin for construction and electronical, Europe has been actively monitoring the Asia-Pacific market.

    The growing demand for the product from a variety of end-use sectors, including building and construction, electrical and electronics, and automotive, is what drives the North American market. The Latin America and Middle East & Africa regions are showing consistent growth during the forecast period. Finally, due to technological developments and the rising demand for automotive in these countries, it is anticipated that the markets in the Middle East and Africa and Latin America would experience considerable growth over the projection period.

    Competitive Landscape

    The global flexible epoxy resin market is characterized by the presence of many regional, and local vendors. The market is highly competitive with all the players competing to gain maximum market share. The increasing flexible epoxy resin demand in end-use industry for epoxy-based composites boosting the sales flexible epoxy resin is the key driver of the market. The vendors compete based on cost, product quality, and mainly on availability of the products according to the geographies. It is crucial for the vendors to provide cost-effective and high-quality flexible epoxy resin to compete in the market.

    The competitive scenario is fragmented between the tier-1, tier-2, and tier-3 companies, while tier-1 and tier-2 companies in the market hold over 60% the global flexible epoxy resin market share.

    The growth of market participants depends on market and economic conditions, government regulations and industry developments. Therefore, players should focus on expanding their production capacity to meet demand and improve their services. DIC Corporation, Olin Corporation, Hexion, Kukdo Chemical Limited, Aditya Birla Chemicals, Huntsman International LLC, Emerald Performance Materials, Resoltech, Epoxonic, Cardolite Corporation Spolchemie, Atul Limited, Conren Limited, Intertronics and Mereco Technologies are the major players in today's market . We compete on quality, price and availability. These players are mainly focused on developing flexible epoxy resins.

    International players dominate the market, but there are also modest regional and local players with smaller market shares. International players with a global presence with established production facilities or sales offices are increasing their presence in key regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa.

    Future Outlook

    Flexible Epoxy Resin Market Future Outlook

    The Flexible Epoxy Resin Market is projected to grow at a 7.88% CAGR from 2024 to 2035, driven by advancements in automotive and aerospace applications, along with increasing demand for durable coatings.

    New opportunities lie in:

    • Develop bio-based flexible epoxy resins to meet sustainability goals.
    • Invest in R&D for high-performance formulations targeting aerospace applications.
    • Expand distribution networks in emerging markets to capture new customer segments.

    By 2035, the Flexible Epoxy Resin Market is expected to achieve substantial growth, solidifying its position as a key player in various industries.

    Report Scope

    Report Attribute/Metric Details
      Market Size    2032: USD 1,076.15 million
      CAGR   7.19 %CAGR (2024–2032)
      Base Year   2023
      Forecast Period   2024–2032
      Historical Data   2019 & 2020
      Forecast Units    Value (USD Million)
      Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Type, Application, End-Use Industry
      Geographies Covered   North America ,Europe, Asia-Pacific,South America, Middle East ,Africa
      Key Vendors   DIC Corporation, Olin Corporation, Hexion, Kukdo Chemical Limited, Aditya Birla Chemicals, Huntsman International LLC, Emerald Performance Materials, Resoltech, Epoxonic, Cardolite Corporation Spolchemie, Atul Limited, Conren Limited, Intertronics and Mereco Technologies
      Key Market Opportunities   • Increasing prevalence of flexible epoxy resin in electrical & electronics goods production
      Key Market Drivers   • Growing paints & coatings market • Increasing flexible epoxy demand in construction industry • Rising demand from the automotive industry

    Market Highlights

    Author
    Priya Nagrale
    Senior Research Analyst

    With an experience of over five years in market research industry (Chemicals & Materials domain), I gather and analyze market data from diverse sources to produce results, which are then presented back to a client. Also, provide recommendations based on the findings. As a Senior Research Analyst, I perform quality checks (QC) for market estimations, QC for reports, and handle queries and work extensively on client customizations. Also, handle the responsibilities of client proposals, report planning, report finalization, and execution

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    FAQs

    What growth rate global flexible epoxy resin market would register in the future?

    The global flexible epoxy resin market would register a growth of 7.19 %.

    Which industry will play a crucial role in taking the flexible epoxy resin market ahead??

    Construction Industries

    What is the key restraining factor for the global thermoformed plastics market?

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    Flexible Epoxy Resin Market Research Report—Global Forecast till 2032 Infographic
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